Data & AI for Financial Services

Transforming and creating value for Banking, Insurance, and Private Equities through the power of data & AI.

Enhanced Customer Experience through AI-Powered Chatbots

  • By 2023, 90% of banks report that integrating AI into customer service solutions has enhanced user experience.(MarketSplash)​​ (Meniga)​.

  • Financial institutions deploying chatbots have achieved a 30% reduction in customer service costs, resulting in savings of over $8 billion annually​ (MarketSplash)​.

Advanced Fraud Detection
and Risk Management

  • AI systems have reduced fraud detection times by up to 70%, with some banks reporting a 50% reduction in fraud-related losses.​ (McKinsey & Company)​.

  • Predictive analytics has enabled banks to reduce loan default rates by 20%​ (McKinsey & Company)​.

Client case BNP PARIBAS

An AI efficiency program to accelerate the transformation program of the BCEF entity.

Client Cases in Financial Services

BNP PARIBAS An AI Efficiency program to accelerate the transformation...

ORANGE BANK enhances its data marketing with rapid deployment of...

MAIF Using Topic Modelling to reduce contact centre bottlenecks.

HOMESERVE Using speech analytics to improve customer satisfaction

MAIF Segmentation Marketing -Artificial Intelligence to Enhance Insurance Customer Understanding

Data & AI for Finance

Report

Articles by our business & tech experts
and client cases.

September 17th, 2024. Paris,
Palais Brongniart.

Summit in New York City
June 12th, 2024.

Operational Efficiency and Cost Reduction

  • Robotic Process Automation (RPA) is leading to a 40% reduction in processing times and a 50% decrease in operational costs.​ (McKinsey & Company)​​ (Meniga)​.

  • Error Reduction: AI and automation have reduced human errors in financial transactions by 37%, enhancing accuracy and reliability in operations.​ (Meniga)​.

Investment and Market Growth

  • Investment in AI technologies in the banking and financial services sector has grown by 23% annually, reaching an estimated $11 billion in 2023​ (Simplr)​.

  • Revenue Impact: AI-driven innovations are expected to contribute an additional $1.2 trillion in revenue for the banking sector by 2030​ (McKinsey & Company)​.

Our expert contents about financial services

We are data, AI and digital experts sharing
our insights and latest market updates.

  • <span class="highlight"> BNP PARIBAS</span> An AI Efficiency program to accelerate the transformation program of the BCEF entity

    BNP PARIBAS An AI Efficiency program to accelerate the transformation program of the BCEF entity

  • <span class="highlight"> VALEO</span> How a three-day hackathon sparked new GenAI use cases for Valeo, an automotive industry leader

    VALEO How a three-day hackathon sparked new GenAI use cases for Valeo, an automotive industry leader

  • <span class="highlight">SAVENCIA GOURMET </span> Deployment of a Data Governance strategy as an AI transformation accelerator

    SAVENCIA GOURMET Deployment of a Data Governance strategy as an AI transformation accelerator

  • <span class="highlight">Savencia Gourmet</span>, Deployment of a Data Governance strategy as an AI transformation accelerator

    Savencia Gourmet, Deployment of a Data Governance strategy as an AI transformation accelerator

Our Artefat Leaders in Banking, Insurance and Private Equity (PE)

Joffrey MARTINEZ

Joffrey MARTINEZ

Partner and Financial Services Global Lead

Jérôle PETIT

Jérôle PETIT

Managing Partner and PE Practice Lead

Akhilesh KALE

Akhilesh KALE

Partner United States

Alexis BAUFINE-DUCROCQ

Alexis BAUFINE-DUCROCQ

Partner France

Athena SHARMA

Athena SHARMA

Director United Kingdom

Jérémie CORNET-VUCKOVIC

Jérémie CORNET-VUCKOVIC

Director France